Congress Approves FY 2013 Funding Bill, Leaves Until After Election

September 24, 2012

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The Senate gave final approval on Friday to a temporary
spending bill, known as a continuing resolution (CR), to keep the
government funded at current levels through March 27, 2013, until the
new Congress is sworn in and settles down to work on FY 2013 spending
bills.

The CR is based on the $1.047 billion FY13 spending level
agreed to in last summer’s Budget Control Act, but reflects an extra $8
billion from federal revenues that were higher than expected.

Congress is now in recess and will return following the November elections for the lame-duck session.

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